Last weeks startup meetup was very interesting,we discussed the idea of having some form of startup contest – see Mark Ng’s write up on the contest idea here

In a rough summary:

Incubator idea – full time commitment / funded / fixed end date to contest (3 months?) / launch day where ideas/teams are founded

part time contest – part time teams / sponsored / fixed end date / launch day where teams can find missing members

or some combo of the two, perhaps a launch day where teams could pitch to be in the incubator and then a free for all for any other p/t teams who wanted to compete for the main prize… whatever that was.

Personally, I’m split on the idea… I totally see the commitment side that Mark argues for.. I also think a p/t contest has merits.